O’Rourke Praises Business Rent Tax Reduction

Carrie O’Rourke with Florida Realtors issued a statement after passage of a reduction in business rent tax. The statement reads:

Today the Florida House passed their tax cut package (HB 7109) by a an overwhelming vote of 117-0. This bill includes a reduction of the business rent tax from 6% to 4.5% for two years, beginning January 1, 2018, then maintains a permanent tax rate reduction from 6% to 5.5% beginning January 1, 2020.

Although the passage of this bill is great news, it must still be sent over to the Senate and approved by a majority of its members. We are also awaiting budget allocations from both chambers and are not yet sure if a reduction to the business rent tax will be included.

This makes it vitally important the we continue our advocacy efforts on the business rent tax issue and urge members of the Senate to work with the House on including a reduction to this burdensome, Florida exclusive tax.